A criminal probe of Big Lots CEO Steven Fishman points to problems with the Securities and Exchange Commission's disclosure rules for automatic trading "10b5-1" programs for company executives, says Jonathan Moreland, director of research at Insiderinsights.com. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... I ... Tommy Johnson ... what concerns is that the cloth story I liked it ... so the ability of insiders to to change her plans for that to happen when asked ... which of the D tells of the plans ... has always concerned me I've I've always thought it's just a matter of time ... between them before insider ... please a bit too fast and loose with the legal coverage determined to get on these ... but the trades in question were outside of the ten b five Dutch one ... how is this an issue ... well I think the issue arises because he had one before ... and then he had won just at the end ... of March ... and on the forms is no indication that those trades at beginning of March and in mid March ... which can be five one ... bill could be a clerical error we don't know ... but then at the end of the month ... there's a string of transactions ... and to have that and the five one indication so ... that the clerical error when those plans in place already ... um or or did some recently rushing and say hey copies ... of the court is about to end ... by the way we should do the center can be five one plans and in where they implemented at the top ... what changes need to ... be made to the way the STC many Cisco sure ... that's ... why I think it's very obvious that the de tails of these plans the existence and the de tails and if there ever stock ... should be disclosed in an STC for ... that's it ... it's a simple is that Korea was discussed ... some years ago when it was him put into place ... when it out if the Wall Street Journal ... The Wall Street Journal report ... ends up any of those claims he didn't get to see interested in and mandating that disclosure again ... in view of a well worthwhile endeavor ...